Charlie Munger

DEFINITION of 'Charlie Munger'

The Vice-Chairman of Berkshire Hathaway Corporation, the diversified company chaired by renowned investor Warren Buffet. Upon graduating from Harvard Law School in 1948, Charles Thomas Munger, known as Charlie, founded Munger, Tolles & Olson LLP, a real estate law firm. In 1965, he began concentrating on managing investments and formed an investment firm, Wheeler, Munger and Company, with a seat on the Pacific Coast Stock Exchange. While practicing law in Omaha, Munger met Warren Buffet and eventually joined Berkshire Hathaway has Buffet's "right hand man".

BREAKING DOWN 'Charlie Munger'

Warren Buffet has publicly referred to Charlie Munger as his partner at Berkshire Hathaway. He is also the CEO of Wesco, a diversified corporation headquartered in Pasadena, California and majority owned by Blue Chip Stamps - which itself is owned wholly by Berkshire Hathaway. Munger is also a well-known philanthropist.